Eastern Air Lines Group Signs MOU with Mitsubishi Aircraft Corporation for Purchase of up to Forty MRJ Aircraft

FARNBOROUGH, Hampshire, England, July 14, 2014 – Mitsubishi Aircraft Corporation announced today that it has signed a Memorandum of Understanding (MOU) for an order of twenty firm MRJ90 with purchase rights to an additional twenty MRJ90 with Eastern Air Lines Group, Inc., an airline based in Miami, Florida in the United States. This MOU testifies to the high regard in which Eastern Air Lines Group holds the economic efficiency and reliability of the Mitsubishi Regional Jet (MRJ), the next-generation regional jet. Based on this MOU, both companies will move forward to conclude a definitive agreement in the near future. Deliveries are scheduled to commence in 2019.

Edward J. Wegel, Eastern Air Lines Group President and CEO said, “We are extremely impressed with the operating cost benefits of the MRJ with the geared turbofan engine, which reduces seat mile costs almost to the level of current 130 – seater aircraft. This provides an excellent scheduling and route network advantage to Eastern as we look to add a second fleet type within five years.”

“We are pleased that we concluded an MOU with Eastern Air Lines in its anticipation of purchasing the MRJ,” said Teruaki Kawai, President and COO, Mitsubishi Aircraft. “This announcement encourages us to further boost our sales activity around the world. The MRJ program has been making steady progress, and its state-of-the-art aerodynamic design and a game-changing engine will significantly cut fuel consumption, noise and emissions, helping airlines enhance competiveness and profitability in the future. We hope that the MRJ, the next generation regional jet, will contribute to the growth of Eastern Air Lines.”

Eastern Air Lines Group, Inc., was formed to re-launch Eastern Air Lines as a passenger airline using Boeing 737-800 aircraft from its main base of operations at Miami International Airport (MIA). Eastern Air Lines has its headquarters in Miami, Florida. For more information, visit www.easternairlines.aero and follow @FlyEastern on Twitter.